Monthly Archive

July 2012

A Kickstarter for Academic Research

Boston-based startup IAMScientist hopes to apply the crowd-funding approach pioneered by Kickstarter to research funding.
The company has already enjoyed modest success as a matchmaking service for companies and scientists. For a fee, it will tap its network of researchers—mainly in medicine and the life sciences—to find an available expert in a specific research area. But IAMScientist recently started allowing users to advertise projects for others to fund as well.

July 24, 2012 ·

Science

Research

A Nation of Tinkerers: Crowd-Funding Turns Amateurs Into Inventors

I have a lovely artifact of dead media in my house: a radio jukebox from 1946, invented by a friend’s grandfather in his spare time. Radios were expensive, and this handsome metal receiver could be placed in a booth of a diner so that, for a dime, patrons could enjoy a few minutes of AM entertainment. My friend’s grandfather paid to have them built, but—as this story so often goes—by the time they reached the mass market, advances in electronics had rendered them passé.

July 24, 2012 ·

Crowdfunding

A Nation of Tinkerers

New crowdfunding sites apply Kickstarter model to health and medicine

Scientists looking for for research funding and health-care entrepreneurs seeking venture funding may now have two new options: Medstartr and IAMScientist. The recently launched startups aim to capitalize on the successful model used by crowdfunding sites such as Kickstarter to provide a platform for researchers and innovators to build awareness and raise capital.

July 24, 2012 ·

Medicine

Medicine

Crowd Funding Your Next Project

Entrepreneur and author, Seth Godin, has recently raised about $237,000 through Kickstarter to fund his latest book ideas, including the title, “The Icarus Deception.” According to a recent Wall Street Journal article, Godin presented several projects to crowd investors to gauge public interest in them. Is this the future of publishing, and perhaps product development as well? Sure, crowd funding is a boon for small companies, which tend to bring in higher returns than larger ones over time , but are we approaching an age when the general, micro-investing public – empowered by the 2012 Crowdfund Act – must sign off on a new idea before it goes to development and eventual launch? For good or ill, entrepreneurs are taking advantage of small-sum investors.

July 1, 2012 ·

Crowdfunding

Crowdfunding